30 October 2013

88% find Malta attractive for investment

Times of Malta 25/10/2013: The 2013 edition of the EY Attractiveness Survey for Malta shows that
88 per cent of respondents believe Malta remains attractive for foreign
direct investment, up two percentage points over last year.

However, of the 91 companies surveyed, all of which are majority
foreign-owned, only 53 per cent have expansion plans. This figure has
been declining virtually steadily, from 72 per cent in 2009.

EY also prepare a European Attractiveness Survey and it noted that
the resurgence in confidence in Europe’s ability to overcome the crisis
of the past few years had a similar impact on confidence in Malta, with
93 per cent saying they were confident Malt would also survive.

The survey found other positive trends. While in the 2012 survey, 11
per cent of respondents said Malta was not attractive for FDI, this
figure went down to 3 per cent this year.

EY noted other longer term trends, with 63 per cent saying that Malta
would remain attractive for FDI over the next three years, up 5 per
cent from 2012 but still lower than the 71 per cent in 2011. Almost
two-thirds of respondents say they still see...read on.